Remove loans-and-financing small-business-loans
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The Ultimate Guide to Getting a Restaurant Business Loan

7 Shifts

It also requires money to open a restaurant and build it out, buy equipment and finance the operation until it reaches break-even. In this article, you'll learn how to get a business loan for your restaurant so you can make your dream of starting or growing your restaurant a reality. Create a Restaurant Business Plan.

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Surviving COVID-19: 7 Financing Options for Restaurants

7 Shifts

Shelter-in-place orders, social distancing, and business closures make it next to impossible to generate pre-coronavirus revenue numbers. Fortunately, there are more financing options than ever for restaurant owners to claim—you just need to know where to look. And no money means mo' problems.

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5 Things Lenders Want to See in a Restaurant Business Plan

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Fulfilling as running a restaurant business can be, it can also be overwhelming. financing institutions are tightening restrictions for small business loans, and restaurant owners have a hard time qualifying for traditional and other types of restaurant financing. Target market. Market share potential.

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A Case for Financing

Modern Restaurant Management

One challenging aspect of owning a small business is purchasing and maintaining expensive equipment. A 2020 Harvard Business School study reported that 74 percent of businesses do not have the cash on hand to cover an equipment-related expense. The approval rate for business loans from big banks is only 13.6

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Economic Outlook and Tips for the Restaurant Industry

Modern Restaurant Management

Restaurant owners should work to forecast their busy and slow seasons and use these projections to determine whether they are likely to need capital as they transition into their busy season. Small business owners should consider exploring options with their bank as well as these non-bank lenders.

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Planning for the Future: What’s the Best Way to Forecast?

Modern Restaurant Management

To learn about best financial planning practices, Modern Restaurant Management (MRM) magazine reached out to Ben Johnston, COO of Kapitus, which provides financing for small and medium sized businesses. Small business owners should consider exploring options with their bank as well as these non-bank lenders.

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What to Know About PPP Forgiveness Before Applying Through the SBA Portal

Modern Restaurant Management

The capital was intended to help business owners pay employees, pay outstanding rent and other bills, and invest in reopening and getting back to business. The PPP program offered 5-year loans carrying a 1% interest rate making it some of the lowest cost financing small businesses were able to find.